buying a house with slab drop

James1979

Hi I'm in the process of buying a house with the solicitor pull up that the house was under pinned 23/24 years ago but there is no paper work as it's a probate sale I spoke to a local builder he said 95% of the easte had slab drop it will be ok. But the mortgage have said I need buildings insurance under standard terms any ideas what standard terms are

Rambosmum

standard terms means no special terms.

When you get insurance, there will be a section headed 'special terms', which may say things like 'incidences of subsidence are not covered under the terms of this policy'. You need it to say 'none'. You may have to shop around for this, you may not.

G_M

The difficulty you will have is that the online insurance comparison sites, and most insurers websites will ask: "has the property ever suffered from subsidence?" or similar.

And when you answer "Yes.", they will decline to offer you insurance.

Try it online tonight for the address in question and se.

You'll need a specialist insurance broker to find you an insurer willing to take the property on un der standard terms (ie terms that include subsidence).

Lord_Baltimore

Buy a different house.